- Dollar to Naira Rate Today – August 6, 2025
- 2025 highs hit ₦1,607.05, lows ₦1,491.37, with August trend near ₦1,530.
- Analysts expect stability between ₦1,505 and ₦1,530 through mid-August
The U.S. Dollar is trading at approximately ₦1,509.03 per USD, based on the most recent data available as of August 4, 2025.
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EKO HOT BLOG reports that this reflects a drop of about 0.82% (or ₦12.41) compared to the previous trading day.
Recent Trend & Historical Context
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The 2025 average USD–NGN rate stands between ₦1,520 and ₦1,530 .
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The highest recorded rate this year was ₦1,607.05 on May 8, while the lowest was ₦1,491.37 on February 3.
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Mid‑year records show the exchange rate hovering around ₦1,530, rising steadily since early July.
Summary Table
| Date | USD → NGN Rate | Notes |
|---|---|---|
| Aug 6, 2025 | ₦1,509.03 | Official market data as of Aug 4 |
| July Average | ₦1,529–₦1,531 | Stable trend in early August |
| 2025 High | ₦1,607.05 on May 8 | Peak for the year so far |
| 2025 Low | ₦1,491.37 on Feb 3 | Lowest value recorded this year |
Market Insight & Outlook
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The naira has strengthened slightly, reversing earlier summer highs as liquidity tightens.
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Fiscal policy signals and U.S. inflation data are driving cautious investor sentiment and reducing speculative demand for dollars
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Analysts forecast the USD–NGN rate is likely to remain within the ₦1,505–₦1,530 range through mid‑August.
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Currency importers and remitters are advised to monitor daily updates amid potential intraday volatility.
